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The global zeolite market size reached 2.04 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.39 Million Tons by 2027, exhibiting a growth rate (CAGR) of 2.58% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Zeolites are solid minerals made using silicon, oxygen, and aluminum, which form a framework of cavities to hold water or other small molecules. They are three-dimensional crystalline structures with gaps that are either mined from the volcanic rocks or synthesized industrially on a large scale from aluminosilicate gels. They have interconnected channels of distinct sizes and shapes due to diverse crystal structures and chemical compositions. At present, they find extensive applications in the refinery, biogas, construction, detergents, agriculture, medical, and nuclear industries across the globe.
At present, there is a rise in the utilization of zeolites in the detergent industry as a substitute for phosphates due to their water softening properties. This, along with their increasing employment in the petrochemical industry as a catalyst for accelerating chemical reactions, represents one of the key factors driving the market. Moreover, there is a rise in the usage of zeolites in the production of high-quality transportation fuels and chemical products on account of their stability, cleansing ability, and superior activity. This, coupled with stringent regulations implemented by governments of several countries to use cleaner fuels is propelling the growth of the market. In addition, the rising employment of zeolites in the water treatment industry to adsorb various materials in drying, purifying, and separating processes is positively influencing the market. Besides this, the growing usage of zeolites in fertilizers and soil amendment procedures due to their high ion exchange and water retention capacity is catalyzing the demand for zeolites around the world.
IMARC Group provides an analysis of the key trends in each sub-segment of the global zeolite market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
At present, natural zeolites dominate the market due to their unique structure.
Breakup by Application:
Zeolites currently find extensive application in construction materials around the world.
Breakup by Region:
Asia Pacific dominates the market on account of the burgeoning water treatment industry in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Arkema Group, BASF Group, Honeywell International Inc., Tosoh Corporation and Zeochem Group.
|Base Year of the Analysis||2021|
|Units||Million Tons, Million US$|
|Segment Coverage||Type, Application, Region|
|Region Covered||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Companies Covered||Arkema Group, BASF Group, Honeywell International Inc., Tosoh Corporation and Zeochem Group|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global zeolite market reached a volume of 2.04 Million Tons in 2021.
We expect the global zeolite market to exhibit a CAGR of 2.58% during 2022-2027.
The rising utilization of zeolites for producing high-quality transportation fuels and chemical products, owing to their various properties, such as stability, cleansing ability, superior activity, etc., is primarily driving the global zeolite market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nations resulting in the temporary closure of numerous end-use industries for zeolites.
Based on the type, the global zeolite market has been segmented into natural and synthetic. Currently, natural zeolites hold the majority of the total market share.
Based on the application, the global zeolite market can be categorized into construction material, detergent, animal feed, catalyst, adsorbent, soil remediation, and others. Among these, construction material exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global zeolite market include Arkema Group, BASF Group, Honeywell International Inc., Tosoh Corporation, and Zeochem Group.
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